MEKANISK SERVICE AS

4656 HAMRESANDEN

Finances

Share Ownership

Return on Equity

−6,48 %

Current Ratio

1,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	148 000	98 000	90 000	96 000
Net Income	−222 000	−420 000	−652 000	−410 000
Total Assets	6 457 000	3 694 000	4 111 000	4 766 000
Total Equity	3 427 000	3 650 000	4 069 000	4 721 000

Income (NOK)	2022	2021	2020	2019
Revenue	148 000	98 000	90 000	96 000
Expenditure	397 000	525 000	756 000	528 000
Operating Profit	−248 000	−427 000	−666 000	−432 000
Financial Income	26 000	7 000	14 000	22 000
Financial Costs	0	0	0	0
Financial Balance	26 000	7 000	14 000	22 000
Earnings Before Tax	−222 000	−420 000	−652 000	−410 000
Tax	0	0	0	0
Net Income	−222 000	−420 000	−652 000	−410 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	830 000	1 041 000	1 152 000	606 000
Total Current Assets	5 628 000	2 653 000	2 959 000	4 160 000
Total Assets	6 457 000	3 694 000	4 111 000	4 766 000
Total Retained Equity	3 297 000	3 520 000	3 939 000	4 591 000
Total Equity	3 427 000	3 650 000	4 069 000	4 721 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 030 000	44 000	41 000	45 000
Total Equity and Debt	6 457 000	3 694 000	4 111 000	4 766 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	58 000	8 000	0	6 000
Other Income	90 000	90 000	90 000	90 000
Revenue	148 000	98 000	90 000	96 000
Cost of Goods Sold	−25 000	65 000	0	0
Salary Costs	23 000	30 000	27 000	25 000
Depreciation	212 000	213 000	136 000	43 000
Impairment	0	0	0	0
Expenditure	397 000	525 000	756 000	528 000
Operating Profit	−248 000	−427 000	−666 000	−432 000
Financial Income	26 000	7 000	14 000	22 000
Financial Costs	0	0	0	0
Financial Balance	26 000	7 000	14 000	22 000
Dividends	0	0	0	0
Net Income	−222 000	−420 000	−652 000	−410 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	367 000	383 000	407 000	431 000
Machinery and Plant Facilities	386 000	554 000	691 000	174 000
Fixtures	77 000	104 000	54 000	0
Total Tangible Assets	830 000	1 041 000	1 152 000	606 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	830 000	1 041 000	1 152 000	606 000
Stock	9 000	13 000	0	0
Total Investments	0	0	0	0
Cash, Bank	5 504 000	2 540 000	2 864 000	4 146 000
Total Current Assets	5 628 000	2 653 000	2 959 000	4 160 000
Total Assets	6 457 000	3 694 000	4 111 000	4 766 000
Total Equity	3 427 000	3 650 000	4 069 000	4 721 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	55 000	38 000	36 000	39 000
Unpaid Taxes	5 000	5 000	5 000	2 000
Dividends	0	0	0	0
Other Current Debt	2 971 000	2 000	0	5 000
Total Current Debt	3 030 000	44 000	41 000	45 000
Total Equity and Debt	6 457 000	3 694 000	4 111 000	4 766 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,48 %	−11,51 %	−16,02 %	−8,68 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−167,57 %	−435,71 %	−740 %	−450 %
Current Ratio	1,86	60,3	72,17	92,44
Quick Ratio	1,86	85,58	72,17	92,44
Equity Ratio	0,53	0,99	0,99	0,99
Gross Profit Margin	116,89 %	33,67 %	100 %	100 %